4025 S Loop 289 | Lubbock, TX 79423
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- LoopNet Team
4025 S Loop 289
Lubbock, TX 79423
Applebee's - Lubbock, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Strong Guarantee From RMH Franchise Holdings - Currently Operating Over 130 Restaurants Across 14 States
- Strategically Located Next to a Walmart Supercenter, Providing For Outstanding Daily Traffic Counts
- Annual Rent Increases Providing a Healthy Hedge Against Inflation
- Texas is an Income Tax Free State
- Located Directly Off of Highway 289, Which Sees Over 73,000 Vehicles Per Day
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,388 SF
Building Class
C
Year Built/Renovated
1994/2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.33 AC
Parking
50 Spaces (9.28 Spaces per 1,000 SF Leased)
Frontage
277’ on S Loop 289
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | R98808 | Improvements Assessment | $779,638 |
| Land Assessment | $406,455 | Total Assessment | $1,186,093 |
PROPERTY TAXES
Parcel Number
R98808
Land Assessment
$406,455
Improvements Assessment
$779,638
Total Assessment
$1,186,093
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